Not much analysis needed for this one. Instead of falling below support, which would have resulted in a trip down to $1,600 or so, AMZN just broke out above resistance in a big way.
The stock now has a clear path back to $2,000, with the ascending trendline offering support along the way.
The stock now has a clear path back to $2,000, with the ascending trendline offering support along the way.
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